Mukuba Confirms Copper Mineralization from Initial Results of Ongoing Drilling Program on the Northcore Project, Zambia
13 Setembro 2010 - 8:00AM
Marketwired
Mukuba Resources Limited (TSX VENTURE: MKU) ("Mukuba" or the
"Company") is pleased to announce that assay results from the first
eight boreholes drilled at Targets 17 and 18 on its Northcore
Project confirm the presence of copper mineralization. These
results are from the first phase of the Company's 2010 drilling
program designed to test anomalies identified from previous induced
polarization (IP) surveys and soil sampling. Mukuba has focussed
its 2010 exploration program on various high priority targets
within the larger exploration license area on the Northcore
Project, located southwest of Ndola, Zambia.
Trevor Richardson, President and CEO of Mukuba Resources
commented, "The results are very promising since they correlate
well with our previous work and represent the first eight holes of
a larger planned program. He added, "In addition to confirming the
presence of copper mineralization they provide the data to better
understand the geological structure at Northcore and further
support our belief in the highly prospective nature of the overall
project area. Our technical team will continue to interpret the
geological structure and mineralization style to refine drill
locations for the remainder of the 2010 drilling program."
The current drill core results represent the first phase of the
Company's 2010 drill program, which was designed to test copper
anomalies identified from the 2009 IP and soil sampling. A total of
4,783 metres (18 holes) of diamond drilling have been completed to
date of the planned 10,000 metre drilling program. Analysis of the
samples using a mixed, four acid digest with an AAS finish on the
bulked solution is being carried out by SGS Mineral Services
(Zambia) in Kalulushi, which is currently awaiting final
accreditation following a further inspection in November 2010.
In addition, regional soil sampling across various new target
areas within the larger license area has been completed and results
are pending. Closer spaced soil grid lines are being planned to
better delineate newly identified soil targets and it is
anticipated that additional drill targets will be identified and
selected based on the level of coincidence between the new soil
geochemical survey and airborne geophysical results.
Initial assay results by target area include:
Target 17
----------------------------------------------------------------------------
EOH True
Depth Width
Borehole (m) From (m) To (m) (m) Cu (%)
----------------------------------------------------------------------------
NC017 252.00 21.00 22.50 1.48 0.33
----------------------------------------------------------------------------
Including 21.50 22.50 0.98 0.42
----------------------------------------------------------------------------
38.00 41.20 2.90 0.56
----------------------------------------------------------------------------
Including 39.00 39.50 0.45 0.73
----------------------------------------------------------------------------
64.10 66.00 1.79 0.16
----------------------------------------------------------------------------
95.02 97.00 1.97 0.12
----------------------------------------------------------------------------
NC019 203.20 NSR
----------------------------------------------------------------------------
NC021 251.70 67.00 68.20 1.15 0.13
----------------------------------------------------------------------------
NC022 251.80 188.70 189.14 0.44 0.20
----------------------------------------------------------------------------
NC024 248.80 Pending
----------------------------------------------------------------------------
NC026 257.50 Pending
----------------------------------------------------------------------------
NC028 251.80
----------------------------------------------------------------------------
NC029 248.70 Pending
----------------------------------------------------------------------------
NC030 206.75
----------------------------------------------------------------------------
NC032 248.80
----------------------------------------------------------------------------
--------------------------
Target #17 2 421.05
--------------------------
NSR - No Significant results
NA - Not Applicable as core angles are not measurable in the
weathered zone
Target 18
----------------------------------------------------------------------------
EOH True
Depth Width
Borehole (m) From (m) To (m) (m) Cu (%)
----------------------------------------------------------------------------
NC014 306.60 85.00 88.00 1.93 0.16
----------------------------------------------------------------------------
Including 87.01 88.00 0.64 0.32
----------------------------------------------------------------------------
NC016 292.08 11.60 12.60 NA 0.12
----------------------------------------------------------------------------
13.60 18.60 NA 0.27
----------------------------------------------------------------------------
Including 16.60 17.60 NA 0.33
----------------------------------------------------------------------------
53.00 57.12 3.73 0.24
----------------------------------------------------------------------------
Including 56.40 57.12 0.65 0.57
----------------------------------------------------------------------------
NC018 259.95 2.00 3.00 NA 0.12
----------------------------------------------------------------------------
19.00 20.00 NA 0.14
----------------------------------------------------------------------------
54.60 55.18 0.37 0.17
----------------------------------------------------------------------------
55.68 56.20 0.33 0.13
----------------------------------------------------------------------------
NC020 289.08 2.00 6.00 NA 0.10
----------------------------------------------------------------------------
12.00 13.00 NA 0.11
----------------------------------------------------------------------------
21.00 23.00 NA 0.11
----------------------------------------------------------------------------
31.65 32.89 NA 0.10
----------------------------------------------------------------------------
75.43 76.24 0.76 0.27
----------------------------------------------------------------------------
104.00 104.75 0.57 0.12
----------------------------------------------------------------------------
NC023 295.02 Pending
----------------------------------------------------------------------------
NC025 298.54 Pending
----------------------------------------------------------------------------
NC027 124.70 Not sampled
----------------------------------------------------------------------------
NC031 246.58
----------------------------------------------------------------------------
NC033 249.68
----------------------------------------------------------------------------
--------------------------
Target #18 2 362.23
--------------------------
TOTAL
(#17 & #18) 4 783.28
--------------------------
Qualified Person
Mr. Chris Meyer (Pr.Sci.Nat.) is a "Qualified Person" as defined
by National Instrument 43-101 and oversees Mukuba's exploration
programs. Mr. Meyer has supervised and approves the preparation of
the technical information contained in this press release.
About the Company
Mukuba is a Canadian mining company focused on the exploration
and development of the Northcore Project, which is located in the
highly prospective Central African Copperbelt region of Central
Zambia. The Northcore Project encompasses approximately 2,274
square km of geologically prospective ground in the Domes Region of
the Zambian Copperbelt. The Northcore Project holds an exploration
license for both copper and cobalt. Geological mapping, soil
sampling and investigation of the historical showings as well as
ground-truthing of the geological surveying results have confirmed
existing historical geological anomalies, and identified new
anomalies. The Company's 2009 exploration program included drilling
several of these anomalies and confirmed the presence of copper
mineralization.
Forward-looking Information
Securities regulators encourage companies to disclose
forward-looking information to help investors understand a
company's future prospects. This press release contains statements
about our results, planned drilling and future business and planned
activities. These are "forward-looking" because we have used what
we know and expect today to make a statement about the future.
Forward-looking statements usually include words such as may,
intend, plan, expect, anticipate, believe or other similar words.
We believe the expectations reflected in these forward-looking
statements are reasonable. However, actual events and results could
be substantially different because of the risks and uncertainties
associated with our business or events that happen after the date
of this press release. You should not place undue reliance on
forward-looking statements. As a general policy, we do not update
forward-looking statements except as required by securities laws
and regulations.
Contacts: Mukuba Resources Limited Trevor Richardson President
and Chief Executive Officer +1 (416) 918 2242 +1 (416) 603 9200
(FAX) trichardson@mukubaresources.com Mukuba Resources Limited
Nisha Hasan Manager Investor Relations +1 (416) 368 4013 +1 (416)
603 9200 (FAX) nisha@mukubaresources.com
www.mukubaresources.com
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